Earnings Report /
Saudi Arabia

Al Othaim: Q2 22 earnings call summary

  • Total revenue increased by 3.8% yoy to SAR2.25bn in Q2 22, mainly driven by new stores opening.

  • Registered loyalty customers under IKTISSAB program increased to c1.0mn, up 5.2% ytd.

  • Total grocery market is expected to increase from SAR165bn (currently) to SAR190bn in 2026f (CAGR of c3%).

SNB Capital
5 September 2022
Published bySNB Capital


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